Rising Costs Hit Singapore's F&B Scene: Kokoyo Brothers to Close Stall After Losses

Brothers Ernest and Irwin Ang announce the closure of their Peranakan-inspired stall Kokoyo in Hougang Mall due to declining sales and intense competition.

Kokoyo, a food stall in Singapore's Hougang Mall run by brothers Ernest and Irwin Ang, is closing its doors following a significant $39,000 loss. Despite their passion for Peranakan cuisine learned from their grandmother, the duo faced a 50% drop in sales. They cited declining foot traffic and the opening of newer dining options on other mall floors as primary reasons for the closure.

This closure reflects a broader trend in Singapore's competitive food landscape, where over 2,100 F&B businesses shut down in early 2024. For travelers, this highlights the volatile nature of food culture in modern malls versus traditional centers. While modern malls offer comfort, the rising rents and overheads often make it difficult for young, independent entrepreneurs to sustain their culinary dreams.

For visitors traveling between Singapore and Vietnam, these stories emphasize the value of supporting local, family-run establishments. Whether you are tasting Peranakan heritage in Singapore or street food in Hanoi, these vendors represent years of family traditions. Understanding the economic pressures on small businesses helps travelers appreciate the authentic flavors and hard work behind every bowl of noodles or plate of rice.

Source reference: VnExpress International